If your property needs repair or you’re considering a renovation to get it ready for sale, there are a few things you should consider first. Although well-planned, cost-effective renovations can add value to a home, there is always the risk of over-capitalizing. That’s why it pays to consider the types of renovations that add value and appeal to potential buyers. So, when you’re looking to sell, when shouldn’t you renovate?

If your property isn’t in desperate need of repair and you’re confident you have a decent amount of existing equity, renovations may not be necessary. A general rule of thumb when it comes to renovating for profit is to spend no more than 10% of the property’s value on the alterations. So, the first step would be have an up-to-date professional valuation of your property. The next, would be to work out a budget and buffer in case of unforeseen additional expenses. Using the 10% rule, this means a home valued at $500,000 would have a total renovation budget of $50,000. Any more than this, and you risk over-capitalizing.

您需要迅速出售嗎？Do you need a quick sale?

大多數翻修需要時間去計劃和預算及完成。所以，如果您想迅速出售，可能無法完成。請記得，裝修經常超過預算，可能需要比預期更長的時間，所以這將影響到您的決定。Most renovations take time to plan and budget for, as well as to be completed. So, if you’re looking to sell soon, they may not be possible. Remember too, that renovations often go over budget and can take longer than anticipated so factor this into your decision.

裝修是為誰？Who are you renovating for?

裝修廚房或浴室一般會吸引大多數買家，但如果裝修只是為個人的品味，不會吸引大部分的潛在買家。Some renovations appeal to most buyers, such as a kitchen or bathroom upgrade, but others are personal to your taste and won’t appeal to the largest number of potential buyers.

出售的對象是誰？Who are you selling to?

您物業的鄰里住是什麼樣的人呢？大多數是單身或夫婦，或是退休人士，家庭？找出該社區可能吸引哪些人將有助於您選擇適當的裝修方式。例如，如果您的本地市場可能吸引家庭人士，在添加時尚但有潛在危險的功能之前請仔細考慮。或者，如果您的潛在買家可能是投資者，請保持最低限度翻新，因為他們一般會有自己的裝修計劃，您的更新可能對他們完全沒有意義。What is the demographic of your property’s neighbourhood? Mostly singles and couples? Mostly retirees or families? Finding out who the neighbourhood is likely to attract will help you determine suitable renovations. For instance, if your local market is likely to attract families, think carefully before adding stylish but potentially hazardous features. Or if your potential buyer is most likely an investor, keep renovations to a minimum as they will almost certainly have their own plans and your changes may add no value to them at all.

不確定時請找救兵Ask if you’re unsure

向您的房產經紀人詢問他們對房產及其可能吸引買家類型的看法，請教他們對類似房屋的銷售情況以及他們推薦的翻新。不必驚訝如果您的房地產經紀人告知您的並家不需要大規模裝修，因此您可以節省下許多麻煩，時間和金錢。Ask your Realtor their opinion on the property and the type of buyer it is likely to attract, what similar homes in similar condition are selling for and any renovations they would recommend. You may be surprised,if your home isn’t in need of massive renovations your Realtor will tell you and you may save yourself a lot of hassle,time and money.